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Nabard, HSBC invest around Rs 80 crore for 10% equity stake in OPL

Business Standard LogoBusiness Standard7h ago

Nabard, HSBC invest around Rs 80 crore for 10% equity stake in OPL - Business Standard

Quick Summary:

Nabard's chairman K Shaji said the apex institution for rural development is committed to leveraging technology to enhance financial inclusion and promote sustainable growth in rural India.

OPL, a digital credit infrastructure company, has received funding of about Rs 80 crore from Nabard and HSBC, officials said on Monday.

The statement didn't specify the funding amount, but officials pegged it at around Rs 80 crore for a 10 per cent stake.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 19:20:07 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 252 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27657007

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 295 posts per day

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Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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